Wall Street Analyst Downgrade Rio Tinto Group [RIO]. What else is Wall St. saying

Rio Tinto Group [NYSE: RIO] slipped around -3.42 points on Thursday, while shares priced at $70.14 at the close of the session, down -4.65%. The company report on September 17, 2021 that Rio Tinto and WA Government’s Pilbara vaccination blitz commences.

Rio Tinto Iron Ore chief executive Simon Trott joined WA Health Minister Roger Cook to open the Tom Price COVID-19 vaccination clinic aimed at boosting vaccination rates in the Pilbara, Western Australia.

The clinic, set up in partnership with Rio Tinto, WA’s Department of Health, WA Country Health Service and the Shire of Ashburton, will operate from 9am to 6pm at the Tom Price Community Centre from through to 21 September. It will return in the coming weeks to enable the community to receive their second dose of the vaccine.

Rio Tinto Group stock is now -3.72% down from its year-to-date (YTD) trading value. RIO Stock saw the intraday high of $71.80 and lowest of $69.82 per share. The company’s 52-week high price is 93.91, which means current price is +0.46% above from all time high which was touched on 05/10/21.

Compared to the average trading volume of 2.45M shares, RIO reached a trading volume of 3784399 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Rio Tinto Group [RIO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIO shares is $101.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIO stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

CLSA have made an estimate for Rio Tinto Group shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 29, 2021. The new note on the price target was released on July 16, 2021, representing the official price target for Rio Tinto Group stock.

The Average True Range (ATR) for Rio Tinto Group is set at 1.83, with the Price to Sales ratio for RIO stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 10.55. Price to Free Cash Flow for RIO in the course of the last twelve months was 13.88 with Quick ratio for the last quarter at 1.80.

How has RIO stock performed recently?

Rio Tinto Group [RIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.66. With this latest performance, RIO shares dropped by -8.71% in over the last four-week period, additionally sinking by -7.58% over the last 6 months – not to mention a rise of 11.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIO stock in for the last two-week period is set at 33.95, with the RSI for the last a single of trading hit 30.19, and the three-weeks RSI is set at 36.00 for Rio Tinto Group [RIO]. The present Moving Average for the last 50 days of trading for this stock 79.89, while it was recorded at 72.67 for the last single week of trading, and 81.91 for the last 200 days.

Rio Tinto Group [RIO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Rio Tinto Group [RIO] shares currently have an operating margin of +38.10 and a Gross Margin at +40.98. Rio Tinto Group’s Net Margin is presently recorded at +21.90.

Return on Total Capital for RIO is now 28.54, given the latest momentum, and Return on Invested Capital for the company is 18.01. Return on Equity for this stock inclined to 23.43, with Return on Assets sitting at 11.08. When it comes to the capital structure of this company, Rio Tinto Group [RIO] has a Total Debt to Total Equity ratio set at 29.39. Additionally, RIO Total Debt to Total Capital is recorded at 22.72, with Total Debt to Total Assets ending up at 14.20. Long-Term Debt to Equity for the company is recorded at 28.15, with the Long-Term Debt to Total Capital now at 21.76.

Reflecting on the efficiency of the workforce at the company, Rio Tinto Group [RIO] managed to generate an average of $160,467 per employee. Receivables Turnover for the company is 14.82 with a Total Asset Turnover recorded at a value of 0.51.Rio Tinto Group’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.10.

Earnings analysis for Rio Tinto Group [RIO]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RIO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rio Tinto Group go to 3.20%.

Insider trade positions for Rio Tinto Group [RIO]

There are presently around $7,073 million, or 8.60% of RIO stock, in the hands of institutional investors. The top three institutional holders of RIO stocks are: FISHER ASSET MANAGEMENT, LLC with ownership of 12,926,059, which is approximately 3.271% of the company’s market cap and around 6.50% of the total institutional ownership; STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, holding 12,132,020 shares of the stock with an approximate value of $850.94 million in RIO stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $557.25 million in RIO stock with ownership of nearly 151.664% of the company’s market capitalization.

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Positions in Rio Tinto Group stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 358 institutional holders increased their position in Rio Tinto Group [NYSE:RIO] by around 15,490,020 shares. Additionally, 198 investors decreased positions by around 13,942,349 shares, while 112 investors held positions by with 71,412,788 shares. The mentioned changes placed institutional holdings at 100,845,157 shares, according to the latest SEC report filing. RIO stock had 88 new institutional investments in for a total of 1,535,452 shares, while 61 institutional investors sold positions of 1,205,451 shares during the same period.

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